Fox Valley home prices November 2nd
Fox Valley home prices November 2nd. 60 and sunny today. This next week will be mid 50’s to upper 60’s. I am enjoying this wonderful weather!
New listings this week are down. 151 this week compared to 175 the previous week.
Closed listings are up. 226 this week compared to 183 the previous week.
Here is the communities with the most activity this week in the Fox Valley area of Illinois.
Aurora-New 19 $139,900-$825,000
Closed-32 $200,000-$960,000
Bolingbrook-New 6 $294,900-$539,000
Closed-15 $235,000-$900,008
Elgin-New 20 $219,500-$625,000
Closed-25 $227,000-$604,006
Montgomery-New 0
Closed-12 $225,000-$405,000
Naperville-New 20 $379,900-$2,499,995
Closed-39 $449,000-$2,200,000
Oswego-New 11 $349,900-$560,900
Closed-13 $260,000-$719,160
Plainfield-New 20 $324,900-$929,000
Closed-15 $325,000-$922,277
St Charles-New 8 $424,000-$1,195,000
Closed-12 $265,000-$3,200,000
Yorkville-New 11 $325,000-$519,900
Closed-8 $446,500-$665,000
Other communities had activity this week. Look at the photo above for the price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $450,000, last week $444,995.
Closed median price this week $463,120, last week $435,000.
Conventional financing was used to close on 175 homes this week at median price $480,000 with 35 days average market time, last week 135 homes at median price $456,990 with 30 days average market time.
Cash was used to close on 30 homes this week at median price $590,000 with 18 days average market time, last week 27 homes at median price $369,900 with 20 days average market time.
FHA financing was used to close on 16 homes this week at median price $300,500 with 25 days average market time, last week 14 homes at median price $362,500 with 53 days average market time.
VA financing was used to close on 5 homes this week at median price $473,990 with 37 days average market time, last week 6 homes at median price $410,000 with 23 days average market time.
2,000 SF or more closed on 143 homes this week at median price $570,000 with 38 days average market time, last week 107 homes at median price $503,000 with 36 days average market time. Minimum price this week $263,000, last week $193,000.
A little over 63% of homes closed this week were at least 2,000 SF or more. Conventional financing was used to close on a little over 77% of homes this week. Cash was double FHA financing.
Under contract this week
Homes that went under contract this week were down. 155 this week compared to 181 the previous week.
Aurora-14 Batavia-11
Bolingbrook-14 Elgin-11
Naperville-13 Oswego-10
Plainfield-18
No short sales were accepted by seller’s this week.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours, 5 with 48 hours, and 1 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours, 1 with 48 hours, and 1 with 24 hours.
Under contract median price this week $419,000 with 47 days average market time, last week $424,900 with 40 days average market time.
2024 by the month and a look back at 2023 and 2022
2024
Month New Closed Under contract
January 576 523 599
February 637 416 691
March 674 612 792
April 800 688 801
May 1077 1002 1075
June 1009 906 918
July 1173 1050 1094
August 883 858 725
September 849 734 777
October 990 936 878
Totals 8668 7725 8350
2023
January 483 326 470
February 630 526 789
March 555 558 726
April 710 617 755
May 735 603 816
June 1030 1059 926
July 765 745 805
August 869 988 915
September 684 621 623
October 639 568 549
Totals 7100 6611 7374
2022
January 422 492 623
February 523 520 724
March 734 904 890
April 1168 966 1334
May 1101 893 806
June 1295 1409 1234
July 955 932 908
August 1019 1134 1062
September 730 733 698
October 699 612 646
Totals 8646 8595 8925
We are doing better than last year, even with higher interest rates, but worse than 2022.
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Here is some information that might help you. Click on everything that is bold and underlined to take you to the information.
You can also request a home valuation, sign-up for email alerts, andsearch for a home anytime.
All data provided today is downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley home prices November 2nd. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101